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Commercial Leases 

Commercial leases are used for renting spaces intended for business purposes, such as offices, retail stores, restaurants, warehouses, or industrial facilities.

Such leases are generally governed by the Landlord and Tenant Act 1954 which is notoriously complex legislation. Price and Kelway can guide you through the complex legislation and assist you with your requirements when it comes to granting/taking a commercial lease.

Here’s how we can help:

1. Initial Consultation and Legal Advice:

  • We can offer general legal advice to landlords or tenants regarding their rights, obligations, and options under commercial lease agreements in order to help you understand the terms of the lease. 

2. Lease Negotiation and Drafting: 

  • We will negotiate lease terms on your behalf, striving to achieve favourable terms protecting your interests. 
  • We draft lease agreements tailored to the specific needs and requirements of our clients, ensuring clarity and comprehensiveness of terms. 

3. Due Diligence:

  • We review the title to the and conduct due diligence on the property and the landlord to ensure that the lease is valid and enforceable.  

4. Tenant Improvements and Fit-Outs:

  • We can advise you on your rights and responsibilities regarding improvements or fit-outs to the leased premises as well as talk you through the rent review and other provisions. 

5. Rent Reviews and Lease Renewals: 

  • We assist landlords and tenants in negotiating rent reviews and lease renewals alongside your surveyor and ensure that the process is conducted in accordance with the terms of the lease, striving to achieve fair and equitable outcomes for their clients. 

6. Assignment and Subletting:

  • We advise landlords and tenants on assignment and subletting provisions in the lease and negotiate terms related to assignment and subletting, including consent requirements, assignment fees, and liability issues. 

7. Termination and Surrender: 

  • We advise on lease termination and surrender procedures seeking to minimise losses and mitigate risk for our clients.

8. Post-Lease Matters: 

  • We deal with the post-completion registration of the lease and any post-completion formalities that may need to be attended to. 
  • We can provide ongoing support and advice to landlords and tenants throughout the term of the lease.